Even as banks and ATMs across the country continue to remain dry and millions are cashless, one will believe how much cash the Reserve Bank of India has issued post demonetisation – a huge Rs 4.27 lakh crore.

Even those handling wads of notes on a daily basis are a harried lot. The reference is to bank employees. The struggle to manage the cash requirement of common public has raised their stress level. They would like the Reserve Bank of India( RBI)to close bank branches until sufficient quantities of currency notes supplies reach banks.

During the time when people are queuing outside ATMs to withdraw money post demoneetisation, a top executive of Intel Security has issued warning that ATMs are highly susceptible to security breaches in India.

According to an official statement from the Finance Ministry, 27 officials of various PSBs have been suspended and 6 officials transferred for involving in transactions violative of RBI instructions related to demonetisation.

With Thursday being the pay day, banks are gearing up to face a huge rush as people will queue up at branches across the country to withdraw salaries amid the ongoing cash crunch following demonetisation.

Nudging retailers such as malls and shop owners to deposit their daily collections with banks, RBI has said they would be allowed to withdraw the deposited sum in Rs 2,000 and Rs 500 notes, irrespective of the existing withdrawal limits.

Finance Minister Arun Jaitley on Thursday asked banks to promote digital banking in "mission mode", saying the principal objective of the government's reform is to curtail the use of physical currency.

Amid the ongoing political outcry over demonetisation, the government on Wednesday announced several steps aimed at helping the cash-hit citizen of the country and to encourage widespread usage of digital payments post demonetisation.

Leading banks, including ICICI Bank and HDFC Bank, have waived merchant discount rate (MDR) on debit cards till December 31 to facilitate payments by customers following government's move to do away with the charge levied on merchants.

Leading hospitals in the capital such as Sir Ganga Ram Hospital (SRGH) and Ram Manohar Lohia Hospital have tied up with banks and post offices to set up extra counters and collect filled application forms to ease the process of exchanging demonetised Rs 500 and Rs 1,000 currency notes.

Making rules further stringent for interested parties, Reserve Bank of India (RBI) has made it compulsory to produce wedding card, copies of advance payments made for booking marriage hall and caterers in order to withdraw Rs 2.5 lakh from own accounts.